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Which of the following statements is true of the effect of changes in demand and...

Which of the following statements is true of the effect of changes in demand and supply on price
A. A decrease in supply will lead to a fall in price and a fall in the quantity bought and sold.
B. An increase in demand will lead to fall in price and in the quantity bought and sold.
C. A decrease in demand will lead to a rise in price and in the quantity bought and sold.
D. An increase in supply will lead to a fall in price and a rise in the quantity bought and sold?
In Michael Okpara University of Agriculture, Umudike
2 Answers Available
Asked by Grace on 22nd May, 2018
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